The Dubai Land Department (DLD) and Crypto.com have signed a Memorandum of Cooperation to integrate blockchain and digital assets into property transactions in Dubai.
The partnership is part of the Dubai Real Estate Strategy 2033 to modernize the sector with technologies like blockchain, tokenization, and digital payments.
Crypto.com will facilitate digital real estate transactions, offering solutions to tokenize properties, simplify buying/selling using cryptocurrency, and establish secure infrastructure for custody and settlements.
Additionally, the Department of Finance will permit payment of government fees via cryptocurrencies, enabling users to convert crypto to AED through Crypto.com's exchange for settlement, streamlining payments for users.